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Getting In Touch With Our Feelings: Three Gauges Show Weakness

The Consumer Confidence Index, the Consumer Sentiment Index and Remodeling Market Index all showed weaknesses in recently released reports. This would seem to suggests a weakening economy is developing which influences the housing market.

Weak economy = modest sales activity propeled by low mortgage rates.

For the record – and because I can’t tell my sentiment from my confidence from my urge to remodel…

Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board’s survey. [NASDAQ] [1] The RMI measures remodeler perceptions of market demand for current and future residential remodeling projects. [NAHB] [2]

Here are the results: